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Update: because my technical skills are not there nor here, my USD 479 is off. We are going to test USD 522 (thank you @4xForecaster for the real technical skills). If Bitlicense comments = unclear we are going to retest lower again which will be around USD 240 / 250, if it is positive we will go straight through 525 and make it support again, probably rallying straight up to USD 650 / 706 where the biggest bulls are waiting to support the rally. Then around the end of december we will see the final version of Bitlicense which i think (hope) will be positive. USA is blocking Argentina to pay of their debts so i can see Argentina going for full default end of december as well, this will all be combined news to start a really strong new Bitcoin rally.
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This is my first graph ever here, I'm aware that it's not technically accurate but it's the main idea behind it all that matters. These are my thoughts on what has happened and what might still happen. Feel free to comment and remember, it's just a theory ;)
21st october;
Source: www.dfs.ny.gov/legal..._submit_comments.htm
Additional Information: www.coindesk.com/new...itlicense-proposals/
This will be a comment-period, so I was a bit off with the information on that, it's where the Bitlicense will be open for comments.
25th December;
"In a statement released today, the foundation highlights the need for public access to the “extensive research and analysis” cited by the NYDFS when the BitLicense was first proposed. This data, it says, is essential to examine the rationale used by the NYDFS in substantiating its regulatory proposal.
The foundation further points out that the NYDFS has failed to produce these materials. Despite an initial promise to publish by 20th October 2014, the NYDFS has since delayed the delivery of its research until December."
Source: www.coindesk.com/bit...h-behind-bitlicense/